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Complete bust is coming . IT is realistic . Soon markets will be shut down.
Send
Hey Kevin, I get the argument that Bitcoin is highly correlated, however, if you compare the SPX and Bitcoin from the December 2017 high until now, the SPX has been in a raging Bull market where as Bitcoin has really been in a Bear market? They have been following opposite paths
When everything is priced in satoshi we are decoupled from the current system. Thats the magical force we need.
Your poll is on people who don't know too much about economy. S&P should touch 2000 or lower then rebounce relatively quickly, when I say quickly I mean in about 1Y. I have no clue about BTC level…
There are different levels of correlation. BTC is mostly uncorrelated. But when the stock market crashes like this with speculators which play both getting close to those market liquidations of course youre going to have a sell of in all assets. And remember BTC -> FIAT very fast and easy.
'what will happen' or 'what MIGHT happen'
in 2008 the nasdaq lost 50% before it recovered
I don't think so btc is correlated to stocks. The only reason why price is similar is because of traders who don't understand bitcoin and trade it along the stock markets. When the finance will start collapsing due to overprinting of cash, stock will plummet too but bitcoin will be the only thing that can save our economy if people will learn and start using it as store of value. There is no other thing that can save us from global hiperinflation than crypto.
Oh Great! we're forming a bearish pennant pattern…??♂️
Somewhere between Option 1 & 2….highly doubt DOW it will see 8k again…
If the majority of people think bitcoin will be sub 3000 it proves that it wont' be.
Scenario 2; But, there is no panic selling. Everything is planned selling. No panic selling yet.
If btc are corelated with stockmarkets how will ir ever reach a significant market cap or the high value/price we all are expecting from it? If it is doomed to always follow the growthrate of stockmarkets it really couldn't, could it? There has to be at least periods of serious uncorrelation (halvings perhaps) don't you think?
IMHO BTC has to step back and let the stage for the true legends… gold and silver, so then BTC thrives, in a truly prosperus economy.
1929, we re just in the cronona virus corroletation, the speculative bubbles haven't popped yet, it's the first domino
This may be the deflation before hyperinflation, as Mike Maloney explains in his videos.
Stop schilling and talk about reality
Viva Bitcoin!
Think about this: the Travel Industry is ~ 10% of Global GDP.
Talking to baby boomers? Treason! ?
Kevin Chinese first quarter GDP will be -9% at least. Markets will take 6 months in the best scenario to begin recovering.
bitcoin is not correlated